Depositing Income from employer into my business bank account.?

Question

I'm starting a new business, but will be operating without revenue as I go through the certification process. I'm opening a business bank account, but worry about running it with a $0 balance.

Question: can you deposit your income received from a position not associated with your business into your company's bank account to create the appearance of revenue? Is this deceptive? Illegal? Help!

Answer 1

Yes you can, it's an owners contribution or something like that. If you don't already have an accountant for your business I would highly suggest it. Even if you are small now and don't have much business going on. They can help you set up all your accounting, like if you are using quickbooks or something.
They will give you advice on all of this stuff, and it really doesn't cost much. It will save you money at the end of the year.
But yes you can, you are contributing your personal money into your venture. You want to make sure it is recorded properly, because you do not want to end up paying taxes on it again. Good luck with your business!

Wait.... you want to deposit it to show revenue for your business? I'm not sure what the purpose of that is, really you should check with an accountant and make sure you have everything set up properly. As far as I can see, if you show your personal income and business revenue you will pay taxes on it again. You can show it as a contribution, kind of like a business loan from yourself (which also means that since you used your personal money for starting your business up, you may get all those taxes from that money back). But I am not sure what you mean about showing a business revenue from your personal money.